Tokyo Dec core consumer prices fall at fastest pace in over 10 yrs

Friday's weak price data follows nationwide data last week showing the fastest slump since late 2010 in November, as the Bank of Japan unveiled a plan last week to examine more effective ways to achieve its elusive 2% inflation target.

TOKYO: Core consumer prices in Tokyo dropped at the fastest pace in more than a decade in December while Japan's jobs market remained subdued in November, raising the risks of a return to deflation as the coronavirus pandemic hammers demand.

Friday's weak price data follows nationwide data last week showing the fastest slump since late 2010 in November, as the Bank of Japan unveiled a plan last week to examine more effective ways to achieve its elusive 2% inflation target.